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at the post in washington and abroad. and she has covered pakistan and afghanistan extensively, so we are really lucky to have both of them tonight. after the ambassadors opening remarks, he and karen will have a conversation before opening it up to q&a with the audience. so please join me in welcoming ambassador haqqani and karen de young. [applause] >> thank you very much patricia for that kind introduction. of course when i was asked to come here i talked and nobody is paying any attention to pakistan these days. nothing gets said about pakistan in the media so why not use this forum to be able to communicate, and of course find an excuse to be on c-span. [laughter] and so therefore, here i am. it is a pleasure to see secretary mikhail in the audience, judith mchale and i have worked together in the last, since her appointment as undersecretary and public diplomacy of course is one of the many challenges we have dealt with on our and so it is a pleasure seeing you here in thank you for all the help and cooperation that you offer here. and to the distinguished audience many of whom
savings on the mandatory side and savings from winding down the war in iraq and afghanistan. these are savings that cbo scores of about a trillion dollars, that cbo scoring them at a trillion dollars. now we know some republicans will quibble over the savings but they have no leg to stand on. though war is the second-biggest policy driver of the deficit after the bush tax cuts. if conducting the war ads to the debt, it is undeniable winding down the war deliver savings. the administration tells us with the wind down their putting in place in the iraq and afghanistan, they can prosecute the war on about $630 billion over the next decade. cbo, however, assumes 1.67 trillion in war funding for 2021. by adopting the administration's lower number, we can save over a trillion. we know the republicans agree with this because they included the exact same savings in the wrong and budget that passed the house. i never criticized such accounting then and it's hard to see how they could do so now. last, senator reid's proposal allows a joint committee that has the potential to achieve e
the wars in iraqnd and afghanistan, which the republicans are calling a budgetary gimmick and not real savings. the yet, the ryan budget, which almost a every house and senate republican voted for, counted the same cuts almost identically. so, they say it is real savings to thee ryan plan with state savings in the reid proposal.-- i am sorry, but you can't have it both ways. reid' further, senator reid's plan actually is all cuts. i don't necessarily like that. contains dollar for dollar spending cuts to match the debtt ceiling increase. mh as much as i don't like this aspect of it, it doesn't include any revenues. even though a "washington post" abc newsabc poll said that 72% f the american public believes we should have those makingma over. $250,000 pay more. 72%.lo what republicans haveng wanted l along and now we are giving it to wen them. and all of the cuts and plans up and supported by republicans in the past. so, we are presentingse a plan that is all cuts, no revenue. the pretense that they are using to reject it just doesn't pass the j smell test. and according to cbo, it sav
every month for military operations in afghanistan alone to prop up a corrupt and incompetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and infrastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recognized. mr. dreier: mr
. $2.70 trillion in spending cuts, including money saved from ending the war is in iraq and afghanistan. chuck schumer and senator reid spoke about the proposal with reporters for about 25 minutes. >> senators durbin and moynihan are on an airplane. unfortunately, they are not here. but they are on their way. i spent all weekend trying to work something out with republicans. instead of moving forward, we went backwards. one example -- our spending this year for the military is that $700 billion. that is more money for the military than the rest of the country's put together. you would think that in this debate that we have, they could chip in a few bucks to cut some spending. this weekend, the republicans wanted to raise spending. something modest, something the pentagon could live with. over the weekend, lo and behold, more funding for the pentagon. so, rather than trying to work with us on something as obvious as this to save money, they went their own direction. the economy has been forced to have the same debate on the same subject a few months from now. republicans and their short-
the entire decade the cost of the afghanistan and iraq war about is about $1.3 trillion. and that is a lot of money.rs again that's over ten years over a decade. this year alone the deficit is expected to be 1400,000,000000 this -- 1.4 trillion. be the deficits this year will be the larger than the cost of iraq and afghanistan over ten years. so the driving force behind the deficit isn't above war in iraq and afghanistan.y it represents only 1% of the the total outlays over the last ten ye years.to thetal total amount of money spent the president -- president obama office took office is $8.5 trillion. three by the end of his first three years in office we will have t added 5 trillion to our gross federal debt. that is a stunning number.bushad bush had a widely criticized and in many ways brightly criticized for hundred 50 billion-dollar deficit. since president obama$4illion has beena has b in office it's been 1.2, 1.3its -- i looks like this year it will be $1.5 trillion. each year more than double that amount. we a
on the plan to withdraw 30,000 troops from afghanistan by september, 2012. and after that, dan iannicola of the financial literacy group talks about financial service providers. plus your emails, phone calls and tweets. washington journal, live saturday at 7:00 a.m. eastern here on c-span. >> tune in to c-span this independence day. writer misme lind and other panelists discuss if the united states can remain ninalted. >> at the political level, we're more divided. if you look at partisan polarization than at any point since the civil war in reconstruction. >> then the dalai lama and sister helen prajean talk about religion, violence and the death penalty and nixon white house insiders discuss his presidency's foreign policy. this monday, july 4, beginning at 10:00 a.m. eastern on c-span. for the complete schedule of programs and times go to c-span.org. this fourth of july three-day weekend on american history tv on c-span three. we'll visit the smithsonian museum of natural history to learn about a 19th century u.s. government expedition to circumnavigate the globe and their treasure, 4
about fraud in afghanistan, iraq, pakistan, and now the congress wants us, after giving away our jobs, not fair trade, free trade agreements -- now they want to go back and give them away with korea. i cannot believe the direction that this country has gone in. we keep talking about corporate tax rates. that is the key word. "rate." they are not paying 35%. they are paying 4%, 6%, 9%, and i am making up the difference. the irs is after a relative of mine who lost their job. they owe them $5,000. karzei and his brother have walked off with billions of dollars and our congress cannot seem to stop it. guest: well,
infrastructure in afghanistan. the notion that the $90 million more that we need for the cftc because of the deficit is nonsense. they want to turn the sec into a profit center. you have a catch-22. first denied the sec and the cftc adequate funding. they in turn will not be able to deal with the rulemaking requirements that they have. because they have not been able to move as quickly on the rolls, the rules have to be abolished. that is something they have imposed. you want the sec and the cftc to have smart people and good information technology. this does not come from the financial institutions. if you've got the rules,, you want them will run.
Search Results 0 to 8 of about 9

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